Bajaj Finance marks the beginning of a new wave in fixed deposits with Digital FD, which offers great interest rates and flexibility while being extremely convenient. Whether you are a knowledgeable investor or just starting out in investing, the digital platform and its great features make it the best choice to secure your financial future
Fixed Deposits (FDs) have long been the most trusted option for Indian investors looking for safe and stable returns. Although its basic principles have not changed, the way we invest has evolved a lot.
Bajaj Finance is known for its steadfast determination to meet the growing investment needs of its customers, and recently the company has launched a new type of fixed deposit called “Digital Fixed Deposit” for which Rs. 42 The deadline of the month has been fixed.
Booking of this digital FD can be done only through Bajaj Finserv app and website. This provides investors the facility to invest in FD sitting at home, making the investment process faster and easier.
Benefits of Bajaj Finance Digital Fixed Deposit
1. Better interest rates, which makes it different from others
The best interest rate of Bajaj Finance Digital FD is its excellent interest rates. Digital FD offers interest rates up to 8.85% per annum for senior citizens, and up to 8.60% per annum for customers below 60 years of age, with a tenure of 42 months. This is one of the highest interest rates in the market, providing excellent growth for your deposits.
2. Removing the need to visit the branch
Gone are the days when customers had to fill long forms and wait in bank queues. With Bajaj Finance Digital FD, you can open an FD online through the Bajaj Finserv app and website and manage it throughout your investment journey. The easy user interface makes it fast and hassle-free, and this kind of digital convenience makes it beneficial for all types of investors.
3. Facility to invest as per your needs
Bajaj Finance Digital FD offers a variety of convenient options to suit your individual needs. You can choose to invest with an amount as low as Rs 15,000, making it convenient for a large number of investors. You can choose the time frame of your choice from 12 to 60 months, keeping the investment in line with your financial goals. Additionally, you can choose to receive the interest amount monthly, quarterly, half yearly, annually or maturity. This type of facility allows you to make the most of your returns and manage the cash you receive effectively.
4. Safety and security
Top Priority Bajaj Finance understands the importance of financial security and hence gives priority to security and transparency. The company has received AAA ratings from renowned financial agencies such as CRISIL and ICRA, reflecting their strong financial performance and stability.
Comparison of Bajaj Finance Digital FD with traditional post-office savings account
| aspect | Bajaj Finance Digital FD Post | Post-Office Savings Account |
| Interest Rates (Annual) | Up to 8.85% per annum | 4% per annum |
| maturity | 42 months | unavailable |
| Minimum Deposit Amount | Rs 15,000 | 500 rupees |
| Maximum Deposit Amount | Rs 5 crore | no maximum limit |
How to invest in Bajaj Finance Fixed Deposit
1. Visit Bajaj Finserv website or app.
2. Go to the Investment section and click on Fixed Deposit.
3. Click on ‘Open FD’ at the top of this page.
4. Enter your 10 digit mobile number and verify the OTP sent on your phone.
5. Provide all the information like investment amount, investment time frame and pay-out frequency. Then fill your PAN and date of birth.
6. Complete your KYC. If you are an existing customer, please verify the information we have, or make any necessary changes. Complete your KYC using the new customer Aadhar card.
7. Then an announcement will be displayed on the screen, read it carefully and agree to the terms and conditions. Fill in your bank details and proceed for payment.
8. Complete your investment process with the help of Net Banking/UPI or NEFT/RTGS for transaction.
Conclusion
Bajaj Finance marks the beginning of a new wave in fixed deposits with Digital FD, which offers great interest rates and flexibility while being extremely convenient. Whether you are a knowledgeable investor or just starting out in investing, the digital platform and its great features make it the best choice to secure your financial future. Remember, before taking any investment decision, it is most important to do thorough research and understand your financial needs.
